Helping Accredited Investors Build Wealth Through Passive Real Estate. Ex-Zillow Tech Executive | 7-Figure Real Estate Investor.
Be consistently not stupid. And boring. That was the theme of Paul Moore's talk for a group of Seattle real estate investors that I was lucky to be a part of last night. Paul, the founder of Wellings Capital, is a renowned real estate author and fund manager. Here are some key takeaways from Paul's talk: 𝗖𝗼𝗻𝘀𝗶𝘀𝘁𝗲𝗻𝘁𝗹𝘆 𝗻𝗼𝘁 𝘀𝘁𝘂𝗽𝗶𝗱 > 𝗯𝗿𝗶𝗹𝗹𝗶𝗮𝗻𝗰𝗲 Paul shared a quote from Charlie Munger: "It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent." Consistency and smart decisions outweigh chasing high-risk opportunities. 𝗕𝗼𝗿𝗶𝗻𝗴 𝗶𝘀 𝗕𝗲𝘁𝘁𝗲𝗿: Paul Samuelson's advice: "Investing should be like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas." Successful investing should be methodical and uneventful. 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝗼𝗳 𝗔𝗰𝘁𝗶𝘃𝗲 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴: Many busy professionals try to build wealth on the side, but it often involves more time, stress, and lower returns than expected. Active investing can be more demanding and less rewarding than it seems. 𝗧𝗵𝗲 𝗦𝗵𝗶𝗳𝘁 𝘁𝗼 𝗕𝗼𝗿𝗶𝗻𝗴 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴: Transitioning to a "Boring Investor" approach leads to lower stress, higher profits, and more free time. This approach offers a sustainable path to multi-generational wealth. Thank you Paul Moore for your insight and and Chris Wilson for the nudge to attend. And Michael S. for organizing it!
Ann Burkhart
1mo
I had a MBA professor that stated, "the only reason to invest in single stocks is for cocktail party conversation." His point being that most people aren't equipped with time and resources to beat the market. Boring mutual funds, real estate, etc. being the way to build wealth - then if you have some extra (you are willing to lose) you can make the risky or heart lead investment with a small portion of your portfolio for fun, excitement or meaning.
Marc Kuhn
1mo
Transitioning to a boring investor mindset offers not just financial rewards but also peace of mind and more time for what matters.
Anthony Carlton
1mo
Success often lies in boring things. These points are spot on, thanks for sharing.
Tetiana T.
1mo
It sounds like Paul Moore delivered some incredibly valuable insights last night! The emphasis on being "consistently not stupid" over brilliance is a refreshing reminder that smart, steady decisions often outperform risky, high-stakes bets. The idea that "boring is better" resonates strongly in an age where everyone is chasing the next big thing. Paul's practical advice on the benefits of methodical investing is something every investor, especially those balancing busy careers, should consider.
The best investments are boring. Boring is the only way it works. Investing is not for cheap thrills. The more uneventful it is, the better. The more boring it gets, the better. The more simpler it is, the better. Grab a can of Monster, if you seek adrenaline. If wealth is what you seek, boring investments are the way. Tyler
Love these takeaways! Being consistently smart and boring in investing sounds like a solid plan for long-term success. Thanks for sharing! Tyler Moynihan
Gib Irons
1mo
Spot on. It's all about sustainability and building wealth for the long haul.
Consistency and smart decisions outweigh chasing high-risk opportunities. Investing should be methodical and uneventful, leading to lower stress, higher profits, and more free time. A sustainable path to wealth.
Jonathan Twombly
1mo
Over the long run, you make money by not losing money. If you focus only on the upside, you set yourself up for big losses. If you focus on avoiding the downside, the upside takes care of itself.
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1moConsistently making smart decisions rather than chasing risky opportunities can lead to long-term advantages.